Gold price
Gold buying appetite highest ever: “Insatiable appetite”
Demand for gold reached new record levels in 2024. This is reported by CNBC, which refers to statistics from the World Gold Council.
Total transaction volume amounted to 4,974 tons last year, compared to 4,899 tons in 2023.
The appetite of central banks is described as “insatiable”, mainly driven by increased geopolitical and economic uncertainty. Transaction volume broke a new record for both a single quarter and for the full year, according to the head of the council, Shaokai Fan.
The Polish central bank was the largest buyer with 90 tons of gold, followed by the Turkish central bank, which added 75 tons to its reserves. Third was the central bank of India.
Gold buying appetite highest ever: “Insatiable appetite”
Demand for gold reached new record levels in 2024. This is reported by CNBC, which refers to statistics from the World Gold Council.
Total transaction volume amounted to 4,974 tons last year, compared to 4,899 tons in 2023.
The appetite of central banks is described as “insatiable”, mainly driven by increased geopolitical and economic uncertainty. Transaction volume broke a new record for both a single quarter and for the full year, according to the head of the council, Shaokai Fan.
The Polish central bank was the largest buyer with 90 tons of gold, followed by the Turkish central bank, which added 75 tons to its reserves. Third was the central bank of India.
The development of AI
The Norwegian Oil Fund on AI: “Hard to say whether it is a bubble”
The Norwegian Oil Fund had a second consecutive year of record returns. The fund has invested heavily in American tech companies and investments in AI.
– It is very difficult to say whether it is a bubble or not, says vice chairman Trond Grande to E24, adding that they do not have the answer.
Furthermore, the oil fund states that they have saved around 3.4 billion Norwegian kroner in transaction costs by using AI themselves.
The Norwegian Oil Fund on AI: “Hard to say whether it is a bubble”
The Norwegian Oil Fund had a second consecutive year of record returns. The fund has invested heavily in American tech companies and investments in AI.
– It is very difficult to say whether it is a bubble or not, says vice chairman Trond Grande to E24, adding that they do not have the answer.
Furthermore, the oil fund states that they have saved around 3.4 billion Norwegian kroner in transaction costs by using AI themselves.
Sources: Major deal between Nissan and Honda about to collapse
The billion-dollar deal to merge the Japanese automotive giants Honda and Nissan is about to collapse. This is reported by Nikkei Asia, citing sources.
According to the information, Nissan has rejected the proposal that the company should operate as a subsidiary rather than the companies being merged.
The news causes the giants to trade in different directions on the Tokyo Stock Exchange – while Nissan falls 5 percent, Honda is racing close to double digits.
In December, the automotive giants signed an agreement to try to merge and create a joint company by the summer of 2026.
The billion-dollar deal to merge the Japanese automotive giants Honda and Nissan is about to collapse. This is reported by Nikkei Asia, citing sources.
According to the information, Nissan has rejected the proposal that the company should operate as a subsidiary rather than the companies being merged.
The news causes the giants to trade in different directions on the Tokyo Stock Exchange – while Nissan falls 5 percent, Honda is racing close to double digits.
In December, the automotive giants signed an agreement to try to merge and create a joint company by the summer of 2026.
Loophole in the postal system is closed – affects Temu and Shein
The US postal service USPS will stop packages sent from China and Hong Kong via the China Post and Hong Kong Post services. The announcement comes after Donald Trump introduces new punitive tariffs against China and at the same time closes a loophole that Shein and Temu have exploited, writes the Wall Street Journal.
Both fast fashion giants have previously avoided paying punitive tariffs because they often send packages with a value of less than $ 800 directly to consumers.
Last year, the influx of packages from China increased exponentially. A total of nearly 1.4 billion packages were received through the loophole, doubling compared to 2023.
The US postal service USPS will stop packages sent from China and Hong Kong via the China Post and Hong Kong Post services. The announcement comes after Donald Trump introduces new punitive tariffs against China and at the same time closes a loophole that Shein and Temu have exploited, writes the Wall Street Journal.
Both fast fashion giants have previously avoided paying punitive tariffs because they often send packages with a value of less than $ 800 directly to consumers.
Last year, the influx of packages from China increased exponentially. A total of nearly 1.4 billion packages were received through the loophole, doubling compared to 2023.
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